ROCHESTER, N.Y., May 11, 2020 /PRNewswire/ -- Vuzix®
Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a
leading supplier of Smart Glasses and Augmented Reality (AR)
technology and products, today announced that the Company's M400
Smart Glasses has successfully been piloted by a licensed real
estate broker and franchise partner broker of Howard Hanna Lake
Group based in upstate New
York and is now being used weekly to host virtual open
houses.
COVID-19 has resulted in social distancing mandates in
New York and other states
throughout the country, creating a challenging environment for real
estate agents to showcase houses without being allowed to host
guests on-site. The first virtual open house conducted by
Howard Hanna Lake Group over Zoom, being broadcasted by the video
camera and audio feed over the Vuzix M400 Smart Glasses using
internet connectivity provided by a Verizon jetpack, was conducted
on April 18th. The virtual zoom open house enabled
prospective buyers to see the ins and outs of the house and asks
questions that could be addressed through the Vuzix M400 Smart
Glasses' camera or by the real estate agent hosting the tour.
"I will use the Vuzix M400 Smart Glasses as much as possible
going forward given the opportunity. I had a property listed
off and on three times and right after the first virtual open house
was conducted with the smart glasses, I received a written offer
the next day and the second house was just as successful,"
commented Mark Moon, a licensed NY
State real estate broker, and franchise partner broker of Howard
Hanna Lake Group.
"The Vuzix M400 Smart Glasses are creating new ways for
businesses to operate in real estate and other industries.
The broadcast-quality streaming video capabilities that can deliver
hands-free operations over popular video conferencing solutions
like Zoom make the M400 Smart Glasses easy to use and effective
with little or no technical expertise required," said Paul
Travers, President and Chief Executive Officer at Vuzix. "With over
2 million active real estate agents in the U.S., according to real
estate company HomeLight, smart glasses usage to sell homes could
represent a significant opportunity for Vuzix."
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented
Reality (AR) technologies and products for the consumer and
enterprise markets. The Company's products include personal display
and wearable computing devices that offer users a portable
high-quality viewing experience, provide solutions for mobility,
wearable displays and augmented reality. Vuzix holds 157 patents
and patents pending and numerous IP licenses in the Video Eyewear
field. The Company has won Consumer Electronics Show (or CES)
awards for innovation for the years 2005 to 2020 and several
wireless technology innovation awards among others. Founded in
1997, Vuzix is a public company (NASDAQ: VUZI) with offices in
Rochester, NY, Oxford, UK, and Tokyo, Japan. For more information,
visit
Vuzix website, Twitter and Facebook pages.
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act of 1995 and applicable Canadian securities
laws. Forward looking statements contained in this release relate
to the Vuzix Blade Smart Glasses, our relationship with Howard
Hanna Lake Group, future business opportunities, and among other
things the Company's leadership in the Smart Glasses and AR display
industry. They are generally identified by words such as
"believes," "may," "expects," "anticipates," "should" and similar
expressions. Readers should not place undue reliance on such
forward-looking statements, which are based upon the Company's
beliefs and assumptions as of the date of this release. The
Company's actual results could differ materially due to risk
factors and other items described in more detail in the "Risk
Factors" section of the Company's Annual Reports and MD&A filed
with the United States Securities and Exchange Commission and
applicable Canadian securities regulators (copies of which may be
obtained at www.sedar.com or www.sec.gov). Subsequent events
and developments may cause these forward-looking statements to
change. The Company specifically disclaims any obligation or
intention to update or revise these forward-looking statements as a
result of changed events or circumstances that occur after the date
of this release, except as required by applicable law.
Media and Investor Relations Contact:
Ed McGregor, Director of Investor
Relations, Vuzix Corporation ed_mcgregor@vuzix.com Tel: (585)
359-5985
Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation